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Elon Musk Aims to Scrap Margin Loan With New Twitter Funding (1)

May 12, 2022, 4:45 PM

Elon Musk is in talks to raise enough equity and preferred financing for his proposed buyout of Twitter Inc. to eliminate the need for any margin loan linked to his Tesla Inc. shares, according to people with knowledge of the matter.

The billionaire’s advisers, led by Morgan Stanley, have begun soliciting interest from potential investors for as much as $6 billion in preferred equity financing, the people said, asking not to be named discussing a private transaction.

Musk, 50, had originally teed up a $12.5 billion margin loan as part of his $44 billion deal to buy Twitter. ...

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